Gold And Silver Prices Today On April 25: On April 25, pure gold (24-carat) costs around Rs 72,660 per 10 grams, while 22-carat gold costs around Rs 66,610.
Similarly, silver’s price dropped to Rs 82,800 per kilogram.
Gold And Silver Prices Today On April 25
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Chennai | 67,310 | 73,430 |
| Kolkata | 66,610 | 72,660 |
| Gurugram | 66,760 | 72,810 |
| Lucknow | 66,760 | 72,810 |
| Bengaluru | 66,610 | 72,660 |
| Jaipur | 66,760 | 72,810 |
| Patna | 66,660 | 72,710 |
| Bhubaneshwar | 66,610 | 72,660 |
| Hyderabad | 66,610 | 72,660 |
In spite of easing tensions in the Middle East and signs that the Fed will keep rates high, gold prices have dropped.
MCX futures contracts expiring on June 5, 2024, priced at Rs 70,740 per 10 grams, were actively traded on April 25, 2024.
Silver futures expiring on May 3, 2024, were quoted at Rs 80,135.
Market fluctuations kept investors and traders on their toes. Stay tuned for more updates.
On April 25, pure gold (24-carat) cost around Rs 72,660 per 10 grams, while 22-carat gold cost around Rs 66,610.
In India, gold is important because of its cultural significance, its role as an investment, and its traditional connection with weddings and festivals.
India’s gold rate is influenced by five factors
Trends in the global market
As gold is traded worldwide, its international supply and demand dynamics have a significant influence on the gold rate in India and, for example, the gold rate in Kerala.
Demand and supply in the local market
In India, gold is more than just a precious metal.
There is a lot of demand for gold jewellery during festivals and weddings, which can affect gold prices locally. Disruptions in supply or changes in import duties can also affect gold prices.
Understanding local demand and supply dynamics can help you figure out the gold rate in different cities.
Policies and regulations of the government
Import duties, taxes, or restrictions on gold imports can greatly affect the gold rate in India.
Inflation policies can also affect gold rates, since gold is a hedge against inflation.
Keep up with government announcements and policies if you’re interested in gold rates in Kerala or other parts of India.
The exchange rate
The gold rate in India can be affected by fluctuations in the Indian Rupee (INR) – US Dollar (USD) exchange rate.
Stronger rupees can lead to higher gold prices in India, while weaker ones can have the opposite effect.
Monitoring the gold rate requires tracking currency movements.
Also Read: Gold And Silver Prices Today On April 24: Check Rates In Your City
